Data and Code for: Macroeconomic Implications of Uniform Pricing

Principal Investigator(s): View help for Principal Investigator(s) Diego Daruich, USC; Julian Kozlowski, Federal Reserve Bank of St Louis

Version: View help for Version V1

Name	File Type	Size	Last Modified
data			12/10/2021 01:33:PM
figures			12/10/2021 01:28:PM
functions			12/10/2021 01:34:PM
results			12/10/2021 01:29:PM
README_quantitative_results.pdf	application/pdf	154.3 KB	12/10/2021 08:28:AM
outreg_latex.m	text/x-matlab	13.2 KB	12/10/2021 08:28:AM
start_all_provinces.m	text/x-objcsrc	19.1 KB	12/10/2021 08:28:AM
start_all_provinces_analysis.m	text/x-objcsrc	91.4 KB	12/10/2021 08:28:AM
start_all_provinces_analysis_spillovers.m	text/x-objcsrc	15 KB	12/10/2021 08:28:AM
start_all_provinces_par_sensitivity.m	text/x-matlab	18.8 KB	12/10/2021 08:28:AM

Project Description

Summary: We compile a new database of grocery prices in Argentina. We find uniform pricing both within and across regions—i.e., prices almost do not vary within stores of a chain. In line with uniform pricing, prices in stores of chains operating in one region react to changes in regional employment, while prices in multi-region chains do not. Using a quantitative regional model with multi-region firms and uniform pricing, we find a one-half smaller elasticity of prices to a regional than an aggregate shock. This result highlights that some caution may be necessary when using regional shocks to estimate aggregate elasticities.

Scope of Project

Subject Terms: Pricing; Economics

JEL Classification:
      D40 Market Structure, Pricing, and Design: General
      E30 Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
      L10 Market Structure, Firm Strategy, and Market Performance: General
      R10 General Regional Economics (includes Regional Data)

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Published Versions

V1 [2022-05-24]

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DDI 2.5

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